Topic: How To Invest

Dividend Advisor Hotline – Friday, January 10, 2020

Article Excerpt

TC ENERGY INC., $68.39, Toronto symbol TRP, remains a buy. The company last increased its quarterly dividend for investors by 8.7% with the April 2019 payment. You now receive $0.75 a share, up from $0.69. The new annual rate of $3.00 yields a high 4.4%. TC generates steady cash flow for investors mainly through its 92,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 10 power plants. The company is currently developing $30.3 billion of new pipelines and other projects as a way of adding value for investors. Among those new projects is the Coastal GasLink pipeline, which will pump natural gas from northeastern B.C. to a new liquefied natural gas (LNG) facility in Kitimat, B.C. From there, tankers will carry the LNG to markets in Asia. The pipeline should start operating in 2023. TC is now cutting the risk of the Coastal GasLink project by selling 65%…